White House Softens Tone on Fed Rate Hike Ahead of September Meeting

The Federal Reserve's September meeting has been widely anticipated to result in a rate hike, but recent comments from a senior White House official may have introduced some uncertainty.

According to market participants, there is an 85.5% likelihood of a quarter-point increase in the policy rate, which would push the target range to 3.75%, 4.00%

The White House's softened stance on the Fed's decision-making process may influence market expectations as the FOMC meeting unfolds.